#### PART 1: Lauder company had fixed costs of \$282,500, variable costs of \$645,000, and actual sales amounted to \$1,100,000

Subject:AccountingPrice: Bought3

# PART 1: Lauder company had fixed costs of \$282,500, variable costs of \$645,000, and actual sales amounted to \$1,100,000. If company has a break-even point at \$750,000 in sales revenue.a. determine the margin of safety expressed in dollarsb. determine the margin of safety expressed as a percentage of sales. Enter percentage amount as a whole number.____%c. Determine contribution margin ratio_____%d. Determine the operating income\$______PART 2:The following data relate to direct labor costs for the current period: Standard costs 36,000 hours at \$23.50 Actual costs 35,000 hours at \$23.00 What is the direct labor time variance?   a. \$23,500 favorable     b. \$23,500 unfavorable     c. \$23,000 favorable     d. \$23,000 unfavorable PART 3:Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,450 lbs. @ \$8.10 Standard costs 1,500 lbs. @ \$8.00 Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance. a. Quantity variance \$ b. Price variance \$ c. Total direct materials cost variance \$ 